Illinois Will Delay Pension Payment Because of Cash Shortage … Illinois will delay payments to its pension fund as a prolonged budget impasse causes a cash shortage, Comptroller Leslie Geissler Munger said. The spending standoff between Republican Governor Bruce Rauner and Democratic legislative leaders has extended into its fourth month with no signs of ending. Munger said her office will p...Read More
Legalising cannabis would raise millions in tax, says government study … Leaked Treasury study, commissioned by the Liberal Democrats while in coalition, says the move would also save £200m a year in court and police costs … In a debate … pro-cannabis MPs argued that the UK should draw on the experience of US states that have legalised the drug … Legalising cannabis c...Read More
Case Study #3: Why you need a second passport … In recent years, the number of people who are divorcing themselves from the heavy hand of Uncle Sam has been increasing exponentially. In 2013 the number of people renouncing US citizenship jumped 221% over the previous year. In the last quarter of 2013 alone, people abandoning US citizenship jumped 1,402% over the same period a year earlier. T...Read More
Legalising cannabis would raise millions in tax, says government study … Leaked Treasury study, commissioned by the Liberal Democrats while in coalition, says the move would also save £200m a year in court and police costs … In a debate … pro-cannabis MPs argued that the UK should draw on the experience of US states that have legalised the drug … Legalising cannabis c...Read More
Case Study #3: Why you need a second passport … In recent years, the number of people who are divorcing themselves from the heavy hand of Uncle Sam has been increasing exponentially. In 2013 the number of people renouncing US citizenship jumped 221% over the previous year. In the last quarter of 2013 alone, people abandoning US citizenship jumped 1,402% over the same period a year earlier. T...Read More
Peter Schiff: The Fed Has Created A "Bad Is Good" Economy … The downright dismal September jobs report that was released last Friday may prove to be the flashing red beacon that even the most skilled apologists can't explain away. The report should make it abundantly clear that we are far closer to recession than recovery … I expect that once the threat of rate hikes is f...Read More
Why Matt Drudge Can Stop Worrying … Matt Drudge appeared on Alex Jones's Infowars. Here is how he has been quoted. On the future of digital copyright: "I had a Supreme Court justice tell me to my face it's over for me. Said, 'Matt, it's over for you. They've got the votes now to enforce copyright law. You're out of there. They're gonna make it so headlines&nd...Read More
Peter Schiff: The Fed Has Created A "Bad Is Good" Economy … The downright dismal September jobs report that was released last Friday may prove to be the flashing red beacon that even the most skilled apologists can't explain away. The report should make it abundantly clear that we are far closer to recession than recovery … I expect that once the threat of rate hikes is f...Read More
Why Matt Drudge Can Stop Worrying … Matt Drudge appeared on Alex Jones's Infowars. Here is how he has been quoted. On the future of digital copyright: "I had a Supreme Court justice tell me to my face it's over for me. Said, 'Matt, it's over for you. They've got the votes now to enforce copyright law. You're out of there. They're gonna make it so headlines&nd...Read More
Agriculture, Coffee And Sugar: The Next Rally? … We discuss the long term bullish case for Rogers Agricultural Index ETN. 3 billion additional middle class consumers will support the demand for agricultural products over the next two decades. We discuss why Rogers Agricultural Index has been in a bear market since early 2011 and what is needed for the next bull market to start. We mention th...Read More
Politicians Exploit School Shooting While Ignoring Bombing Victims … Following the recent Oregon school shooting, many politicians rushed to the microphones to call for new gun control laws … The reaction to the shooting stands in stark contrast to the reaction to the US military's bombing of an Afghanistan hospital run by the international humanitarian (and Nobel Peace Prize winni...Read More
Agriculture, Coffee And Sugar: The Next Rally? … We discuss the long term bullish case for Rogers Agricultural Index ETN. 3 billion additional middle class consumers will support the demand for agricultural products over the next two decades. We discuss why Rogers Agricultural Index has been in a bear market since early 2011 and what is needed for the next bull market to start. We mention th...Read More
Politicians Exploit School Shooting While Ignoring Bombing Victims … Following the recent Oregon school shooting, many politicians rushed to the microphones to call for new gun control laws … The reaction to the shooting stands in stark contrast to the reaction to the US military's bombing of an Afghanistan hospital run by the international humanitarian (and Nobel Peace Prize winni...Read More
Fed's Fischer Says Economy May Merit Liftoff Later This Year … Federal Reserve Vice Chairman Stanley Fischer said the U.S. economy may be strong enough to merit an interest-rate increase by year end, while cautioning that policy makers are monitoring slower domestic job growth and international developments in deciding the precise timing of liftoff. At the Federal Open Market Committee&#...Read More
Here's what $66 gets you in Medellin … Last night after a flurry of legal meetings and property tours throughout the day, I had drinks with a Canadian real estate developer who set up shop here in Medellin a few years ago. Medellin's mountainous geography constrains growth, and this is likely going to heavily influence prices over the long term. So for now, this place is one of the m...Read More
Fed's Fischer Says Economy May Merit Liftoff Later This Year … Federal Reserve Vice Chairman Stanley Fischer said the U.S. economy may be strong enough to merit an interest-rate increase by year end, while cautioning that policy makers are monitoring slower domestic job growth and international developments in deciding the precise timing of liftoff. At the Federal Open Market Committee&#...Read More
Here's what $66 gets you in Medellin … Last night after a flurry of legal meetings and property tours throughout the day, I had drinks with a Canadian real estate developer who set up shop here in Medellin a few years ago. Medellin's mountainous geography constrains growth, and this is likely going to heavily influence prices over the long term. So for now, this place is one of the m...Read More
For conscious shoppers at Whole Foods, it was a nightmare to learn that the company had US prison labor in its supply chain. After more than a year of negative publicity culminating in protests outside of its stores in Houston, Texas, Whole Foods announced last week that it will stop sourcing foods that are made with prison labor. Happy ending? Not so fast.Corporations like Whole Foods need to be...Read More
For conscious shoppers at Whole Foods, it was a nightmare to learn that the company had US prison labor in its supply chain. After more than a year of negative publicity culminating in protests outside of its stores in Houston, Texas, Whole Foods announced last week that it will stop sourcing foods that are made with prison labor. Happy ending? Not so fast.Corporations like Whole Foods need to be...Read More
If the Defense Department, the CIA, and our largest corporations can be hacked, certainly 50 states and over 3,000 separate county systems are no match for individuals or nation states that might want to influence the outcome of elections. This is particularly true because nowadays things in the world of electronics and elections are as complex as ever. Even if we are casting our ballots on the In...Read More